MainStreet Bancshares (MNSB) AI Stock Analysis

• Market Cap: $164.98M
• Dividend Yield: 1.9%
• Average Volume (3M): 31.87K
• Price to Earnings (P/E): 12.2
• Beta (1Y): 0.47
• Revenue Growth: 1.92%
• EPS Growth: -174.59%
• Country: US
• Employees: 182
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.46
• Shares Outstanding: 7,705,571
• 10 Day Avg. Volume: 21,887
• 30 Day Avg. Volume: 31,869
• PEG Ratio: 0.09
• Price to Book (P/B): 0.66
• Price to Sales (P/S): 1.00
• P/FCF Ratio: 15.38
• Enterprise Value/Market Cap: 0.82
• Enterprise Value/Revenue: 0.98
• Enterprise Value/Gross Profit: 1.95
• Enterprise Value/Ebitda: -97.85
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: $20.50 ▲(0.94% Upside)

The score is held back primarily by weak financial performance (sharp revenue decline and negative profitability/ROE), partially offset by a stable capital structure and some free-cash-flow growth. Technicals are broadly neutral with a slight positive trend versus longer-term averages, and valuation is supportive with a moderate P/E and a modest dividend yield.

Positive Factors

Capital Structure Stability

Moderate leverage (D/E ~0.32) and a healthy equity ratio provide a durable capital cushion for lending and regulatory compliance. This stability lowers refinancing and solvency risk, enabling measured capital returns and disciplined loan growth across economic cycles.

Improving Free Cash Flow

A 45.75% TTM rise in free cash flow points to strengthening cash-generation capacity. Sustained FCF growth enhances ability to fund organic loan growth, cover discretionary dividends and buybacks, and reduce reliance on external financing over the medium term.

Net Interest Margin and Loan Growth

Management cited NIM expansion to 3.46% alongside $54M of Q4 loan growth after refocusing on core banking. Higher NIM and disciplined loan growth in a local franchise support a more predictable, interest-driven revenue base and durable margin improvement.

Negative Factors

Severe Revenue Decline

A TTM revenue decline of -74.2% materially reduces scale and operating leverage. Persistent top-line contraction constrains reinvestment, weakens profitability prospects, and limits the bank’s ability to expand lending or absorb credit volatility over coming quarters.

Negative Profitability and ROE

Negative net margin and ROE indicate the franchise is not generating acceptable returns on equity. Ongoing unprofitability erodes capital, limits sustainable dividends and buybacks, and may force structural cost or strategy changes to restore long-term shareholder value.

Poor Cash Conversion

Low FCF-to-net-income (≈5.09%) and weak operating cash conversion mean reported earnings poorly translate to usable cash. This reduces internal funding for loans and payouts, increasing reliance on external funding and raising vulnerability in stress scenarios.

MainStreet Bancshares Business Overview & Revenue Model

Company Description

MainStreet Bancshares, Inc. operates as the bank holding company for MainStreet Bank that provides various banking products and services for individuals, small to medium-sized businesses, and professional service organizations. The company offers demand, NOW, money market, savings, and sweep accounts, as well as certificates of deposit; business and consumer checking, interest-bearing checking, business account analysis, and other depository services; and cash management, wire transfer, check imaging, remote deposit capture, and courier services. It also provides commercial loans, including government contract receivables, plant and equipment, general working capital, contract administration, and acquisition loans; commercial real estate, real estate construction, and residential real estate loans; and consumer loans comprising term loans and overdraft protection, as well as debit and credit cards. In addition, the company provides deposit insurance solutions; remote deposit of checks; and internet bill payment, online cash management, and online and mobile banking services. As of March 18, 2022, it operated six branches in Herndon, Fairfax, McLean, Leesburg, Clarendon, and Washington D.C., as well as 55,000 automated teller machines. MainStreet Bancshares, Inc. was incorporated in 2003 and is headquartered in Fairfax, Virginia.

How the Company Makes Money

MainStreet Bancshares generates revenue primarily through interest income from loans and mortgages, which constitute a significant portion of its earnings. The company earns interest on various types of loans, including commercial loans, residential mortgages, and consumer loans, while also collecting fees associated with these services. Additionally, MNSB generates non-interest income through service fees for account maintenance, ATM transactions, and other banking services. The company may also benefit from partnerships with local businesses and organizations, enhancing its community presence and driving business growth. Furthermore, effective asset management and investment strategies contribute to its overall profitability.

MainStreet Bancshares Financial Statement Overview

Summary

Income statement weakness drives the score: revenue growth is sharply negative (-74.2% TTM) and profitability is negative (net margin -3.35%, EBIT margin -5.04%). The balance sheet is a partial offset with moderate leverage (debt-to-equity 0.32) and a healthy equity ratio, but ROE is negative (-2.17%). Cash flow shows a positive free cash flow growth rate (45.75% TTM), yet low cash conversion (weak operating cash flow to net income and FCF to net income of 5.09%) suggests constraints.

Income Statement

MainStreet Bancshares has experienced a significant decline in revenue growth, with a negative growth rate of -74.2% in the TTM period. The company also shows negative profitability metrics, with a net profit margin of -3.35% and an EBIT margin of -5.04%. These figures indicate financial challenges and declining operational efficiency.

Balance Sheet

The balance sheet shows moderate leverage with a debt-to-equity ratio of 0.32, which is relatively stable. However, the return on equity is negative at -2.17%, reflecting poor profitability. The equity ratio remains healthy, indicating a solid capital structure despite profitability issues.

Cash Flow

The cash flow statement reveals a positive free cash flow growth rate of 45.75% in the TTM period, which is a positive sign. However, the operating cash flow to net income ratio is low, suggesting challenges in converting income into cash. The free cash flow to net income ratio is also low at 5.09%, indicating potential cash flow constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	138.62M	137.87M	127.76M	88.68M	70.31M	69.52M
Gross Profit	69.22M	59.06M	78.44M	72.91M	60.82M	49.82M
EBITDA	-1.38M	-9.27M	35.57M	35.97M	30.32M	21.70M
Net Income	-4.61M	-9.98M	26.59M	26.67M	22.17M	15.72M
Balance Sheet
Total Assets	2.12B	2.23B	2.04B	1.93B	1.65B	1.64B
Cash, Cash Equivalents and Short-Term Investments	26.65M	48.92M	113.51M	111.56M	161.74M	223.35M
Total Debt	69.84M	73.04M	87.64M	172.25M	29.29M	14.83M
Total Liabilities	1.91B	2.02B	1.81B	1.73B	1.46B	1.48B
Stockholders Equity	218.36M	207.99M	221.52M	198.28M	188.79M	167.66M
Cash Flow
Free Cash Flow	8.98M	8.95M	25.63M	25.76M	24.82M	15.73M
Operating Cash Flow	13.69M	14.74M	31.63M	33.54M	29.12M	17.02M
Investing Cash Flow	-26.77M	-122.28M	-130.75M	-228.74M	-29.25M	-313.79M
Financing Cash Flow	-91.74M	200.73M	83.03M	232.59M	-14.20M	339.45M

MainStreet Bancshares Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 20.31
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MNSB, the sentiment is Positive. The current price of 20.31 is below the 20-day moving average (MA) of 20.45, below the 50-day MA of 20.36, and above the 200-day MA of 19.78, indicating a bullish trend. The MACD of 0.31 indicates Negative momentum. The RSI at 69.11 is Neutral, neither overbought nor oversold. The STOCH value of 90.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MNSB.

MainStreet Bancshares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LARK	75 Outperform	$163.94M	8.79	11.72%	3.01%	12.31%	39.46%
BVFL	72 Outperform	$170.24M	13.47	5.32%	―	4.86%	-8.20%
CZWI	70 Outperform	$175.23M	12.42	7.00%	2.00%	-2.16%	-9.35%
FCAP	70 Outperform	$197.24M	12.05	11.84%	1.96%	11.36%	25.07%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CFBK	67 Neutral	$187.58M	11.69	9.18%	1.16%	2.33%	22.43%
MNSB	54 Neutral	$164.98M	12.18	-2.07%	1.90%	1.92%	-174.59%

MainStreet Bancshares Corporate Events

MainStreet Bancshares Declares Quarterly Cash Dividend for Shareholders

On January 27, 2026, MainStreet Bancshares, Inc. declared a $0.10 per share cash dividend for its common shareholders, with payment scheduled for February 16, 2026, to shareholders of record as of February 9, 2026. The board emphasized that any future dividends will be determined at its discretion following a review of the company’s financial condition, operating results, and other relevant factors, signaling a cautious, performance-based approach to capital returns for investors.

The most recent analyst rating on (MNSB) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on MainStreet Bancshares stock, see the MNSB Stock Forecast page.

MainStreet Bancshares Reports 2025 Results and Growth Outlook

On January 26, 2026, MainStreet Bancshares, Inc. reported net income of $15.6 million for the year ended December 31, 2025, equivalent to earnings of $1.76 per common share, and executed a repurchase of 209,000 shares in the fourth quarter while maintaining strong capital levels. Management highlighted a deliberate shift back to core banking, noting that strategic balance sheet management drove an expansion of net interest margin to 3.46% for 2025, and pointed to controlled expenses, healthy asset quality, and $54 million in fourth-quarter loan growth as indicators that the bank is well-positioned for the current and anticipated interest rate environment and for continued growth in its Washington, D.C. metro footprint.

The most recent analyst rating on (MNSB) stock is a Hold with a $20.50 price target. To see the full list of analyst forecasts on MainStreet Bancshares stock, see the MNSB Stock Forecast page.

MainStreet Bancshares schedules virtual Q4 2025 earnings call

On January 12, 2026, MainStreet Bancshares, Inc. announced plans to hold a virtual webcast and quarterly earnings conference call on January 26, 2026, to review its fourth-quarter and full-year financial results and to provide an update on recent corporate activities. The event underscores the company’s ongoing engagement with investors and other stakeholders by offering additional insight into its recent performance and operational developments.

The most recent analyst rating on (MNSB) stock is a Hold with a $22.50 price target. To see the full list of analyst forecasts on MainStreet Bancshares stock, see the MNSB Stock Forecast page.

MainStreet Bancshares Appoints Richard Vari as New CFO

On December 23, 2025, MainStreet Bancshares, Inc. announced that Richard A. Vari, a 38-year-old certified public accountant with extensive banking experience, will become Executive Vice President and Chief Financial Officer of both the company and MainStreet Bank, effective January 1, 2026, following his prior roles as the bank’s CFO from July to December 2025 and as Chief Accounting Officer and Senior Vice President from September 2019 to July 2025. The company also entered into a new employment agreement with Vari on December 18, 2025, running from December 31, 2025, through December 31, 2028, that sets his annual base salary at $360,000 starting January 1, 2026, provides eligibility for bonus and equity awards and participation in standard benefit plans, and includes customary non-compete, non-solicitation, no-hire, and confidentiality covenants, along with significant severance protections in the event of termination without cause or for good reason, including enhanced benefits following a change of control, underscoring the company’s commitment to leadership continuity and executive retention in its finance function.

The most recent analyst rating on (MNSB) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on MainStreet Bancshares stock, see the MNSB Stock Forecast page.

MainStreet Bancshares announces upcoming board director resignation

On December 15, 2025, MainStreet Bancshares, Inc. announced that director Ali Reza Manouchehri will resign from the boards of both the company and MainStreet Bank effective January 1, 2026, citing the increasing demands of his role as chief executive of Metrostar Systems LLC, which was recently sold to Veritas Capital. The company emphasized that Manouchehri’s departure is for personal reasons unrelated to any disagreements over operations, governance, or financial reporting, and indicated that after his resignation the board will shrink from eleven to ten members, signaling a modest governance change while he remains a long-standing customer and supporter of the bank.

The most recent analyst rating on (MNSB) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on MainStreet Bancshares stock, see the MNSB Stock Forecast page.

MainStreet Bancshares CFO Retirement Announcement

MainStreet Bancshares, Inc. announced the planned retirement of its Chief Financial Officer, Thomas J. Chmelik, effective December 31, 2025. Following his retirement, Mr. Chmelik will continue to serve as a Senior Executive Vice President and Secretary until December 31, 2027, under a new employment agreement that includes a reduced salary and continued participation in employee benefit plans. The agreement also outlines conditions for severance payments in the event of a change of control and includes non-competition and confidentiality covenants. Mr. Chmelik will maintain a significant portion of his investment in the company’s stock until his retirement.

The most recent analyst rating on (MNSB) stock is a Hold with a $17.50 price target. To see the full list of analyst forecasts on MainStreet Bancshares stock, see the MNSB Stock Forecast page.

MainStreet Bancshares CFO Thomas Chmelik Announces Retirement

On November 20, 2025, Thomas J. Chmelik announced his retirement as CFO of MainStreet Bancshares, effective December 31, 2025. He will continue as Senior Executive Vice President and Secretary until December 2027 and remain on the Board of Directors. Chmelik plans to divest up to 25% of his shares by 2027 for retirement purposes. His transition is amicable, with no disagreements with the company. Alex Vari, the current Bank CFO, will assume the role of Company CFO, continuing the high standards set by Chmelik.

The most recent analyst rating on (MNSB) stock is a Hold with a $17.50 price target. To see the full list of analyst forecasts on MainStreet Bancshares stock, see the MNSB Stock Forecast page.

MainStreet Bancshares Declares Dividend for Preferred Stock

On November 21, 2025, MainStreet Bancshares, Inc. announced a quarterly cash dividend for its 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The dividend, amounting to approximately $0.47 per Depositary Share, is payable on December 30, 2025, to shareholders recorded by December 15, 2025. This announcement reflects the company’s commitment to providing returns to its investors and maintains its financial strategy by ensuring regular dividend payments. The Depositary Shares are traded on the Nasdaq Capital Market under the symbol ‘MNSBP.’

The most recent analyst rating on (MNSB) stock is a Hold with a $17.50 price target. To see the full list of analyst forecasts on MainStreet Bancshares stock, see the MNSB Stock Forecast page.

MainStreet Bancshares Announces Stock Repurchase Program

On November 4, 2025, MainStreet Bancshares, Inc. announced the repurchase of 209,000 shares of its common stock at $18.54 per share under its stock repurchase program. This transaction reduced the company’s outstanding common stock to 7,496,571 shares and left $6.1 million available for future repurchases, reflecting a strategic move to manage its capital structure.

The most recent analyst rating on (MNSB) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on MainStreet Bancshares stock, see the MNSB Stock Forecast page.

MainStreet Bancshares Announces Cash Dividend for Shareholders

On October 28, 2025, MainStreet Bancshares, Inc. announced a $0.10 per share cash dividend for common shareholders, to be paid on November 18, 2025, with a record date of November 11, 2025. The Board of Directors will review the company’s financial status and other factors before deciding on future dividends, highlighting their discretion in such financial decisions.

The most recent analyst rating on (MNSB) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on MainStreet Bancshares stock, see the MNSB Stock Forecast page.